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government announced they were what began lowering their corporate tax rate because they have to come pete in the eu -- compete in the eu region. we have been stymied. this is part of it. today, we have a situation where 40-some provisions of the tax code expire at the end of this year. 60-some expired a year ago. he really did not even have a tax code in the country today. he talked about the uncertainty he mentioned. this is for medium-sized business. what are the roles? it is like we're playing with the replacement referees and the irs. tell us what the rules are. >> i hear them saying we should emulate the swedish model. -- i never thought i would hear you saying we should emulate the swedish model. >> or the french or the others. >> the insidious europeans. >> the point everyone is trying to make is that we created most of these problems for ourselves. we should not be discouraged by the opportunity to resolve these issues. we should not be sitting around crying in our soup. we have to get up and pick ourselves up. if we fix the tax code in this country and if we establish a clear pat
to be the federal government is the message to california. they need to pull back from their own regulations. i do think that we have this opportunity that it all fits under a growth leg. i think we would say -- and governor kasich is looking at this and governor davis is working on it, so you take the energy issue and say now i can fix some of the infrastructure needs that have been piling up. if we start doing that, we will be short on labor in this country. we will need to retrain the people who are not trained or skilled. the potential is enormous if there's any vision and any leadership. >> we will take questions in a moment. first i want to ask about the front page of the new york times, campaign finance and the super pacs going into the congressional races, a small super pacs. all of you, presumably, involved in congressional races. >> no, we are switzerland. >> what is the role for business in government and in election campaigns? >> there is a major effort that's been going on for some time in various ways to force business to back away from participating in both the election process and
government. our government taxes and spends out of control and our civil liberties are constantly under attack. we can fix it, but we need to get government back into its cagae. >> our final opening statement is from jeff flake. >> good to be here. two days ago, cheryl and i received a wonderful phone call from my son syan and forming as we are grandparents. aidan was born into a wonderful family, but he was born into $50,000 of debt. his share of the federal debt we all hold. that is why the stakes in this election are so high. we have to have somebody who understands fiscal discipline. that has been my record in the house of representatives, where i fought my own leadership on issues like earmarks. they punish me for it, but i kept at it and we do not have earmarks any more. that is the kind of attitude i will take to the united states senate. my opponent have a great rÉsume a. but a great resonate is not a plan. he has been running for a year now and we do not know where he stands on the major issues of the day. we have a choice in this election. we can elect somebody who does not h
are approached or anything happens in your professional lives with the united states government that you have any questions about, please come to this committee. we take the work of whistle- blowers and people who give testimony very seriously. you have been critical to bring out things which would not have -- which would not have come out to. i will close with two comments. that i took away from today. he did not produce security at -- you do not reduce security at the -- the same time as you are increasing hazardous duty pay. it does not make sense. i have not heard that question asked and answered. i only heard that it occurred. i think the state department to take away from today and understanding that that sends a message that says, we will pay you for the risk. we will not pay to have you made safer. that is the impression that anyone would get if you reduce the staffing below recommendations or request an increase the pay. i do not think the men and women who service overseas want. i know the compensation for hardship is important, but safety comes first. i have the marine fellow who work
years, we have had revenues coming into the federal government at a level around 15% of gdp. that is a 60-year low. since 1960, we have never had a balanced budget in a year when revenues were less than 18% of gdp. in 2001, the last year we had a surplus, revenues were at 19.5% of gdp. we have a revenue problem. we need tax reform to solve it. some on the left have suggested corporate tax reform could be a source for new revenue but here i disagree. to preserve our international competitiveness, it is imperative we seek to reduce the corporate rate from 35% and do it on a revenue-neutral basis. this will boost growth and encourage more companies to reinvest in the united states. corporate tax reform, under the leadership of chairman baucus senator hatch should be treated separately from our attempt to get a handle on the deficit. but when it comes to the individual side of the code, our approach must be different. in this part of reform, the new money we collect from broadening the tax base cannot all be applied to prepare -- to reducing rates or else we will not get enough
the government taking 20% of the families and businesses income is enough. president obama thinks the government ought to be able to take as much as 44.8%. if you tax every person and successful small-business making over $250,000 at over 100%, you can only run a government for 98 days. there are not enough rich people and small businesses to tax to pay for all their spending. the next time you hear them say, do not worry about it, watch out, middle-class, the tax bill is coming to you. that is why we are saying, eight out of 10 businesses, they file their taxes as individuals, not as corporations. near where i come from, the canadians dropped their tax rate to 15%. the average tax rate on businesses is 25%. the president wants the top tax rate to go above 40%. two-thirds of our jobs come from small businesses. it does not pay for 10% of the deficit spending increases. lower tax rates across the board and close loopholes. we have three bottom lines. do not raise the deficit, do not raise taxes on the middle class, do not lower the share that is borne by the high income earners. it has been discr
. the government is going to spend 50% of the money. that will not go down. asia is a slower but it is nothing mystical or different than your read about. united states is fundamentally a stronger than people think, in my opinion. in latin america, some are better and some are slower. >> asia use same syncline about. -- you seem sanguine. >> this in my opinion, but i. they will meet their objective of 7%-8% higher. they are doing this to avoid social unrest and change the infrastructure. it change will be coming and it will be smoothed and continue to form the policies of the government. they have $3 trillion in reserve and a lot of capabilities to maintain growth. they did that that month, literally. they knew what they want to accomplish. i do not think i can do that 10 years from now. they're not building a lot of bridges to nowhere. i think it will work in the immediate term. >> there's a lot of talk about africa. in latin america, we have seen signs of pretty robust growth. >> we're opening grove -- stores and we are in there on the ground. we go there for the multinational clients. where
Search Results 0 to 7 of about 8 (some duplicates have been removed)

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